The Reports and Insights, a leading market research company, has recently releases report titled “Pet Identification (ID) Microchip Implant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Pet Identification (ID) Microchip Implant Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Pet Identification (ID) Microchip Implant Market?
The global pet identification microchip implant market was valued at US$ 389.3 Mn in 2023, and is projected to be valued at US$ 663.3 Mn by 2032 end. Sales revenue is expected to increase at a CAGR of 6.1% during the forecast period (2024-2032).
What are Pet Identification (ID) Microchip Implant?
A pet identification (ID) microchip implant is a small electronic device placed under a pet's skin, typically between the shoulder blades. This tiny implant, similar in size to a grain of rice, contains a unique identification number that can be read with a compatible scanner. It serves as a permanent means of identifying pets, connecting them to their owners' contact details stored in a centralized database. Pet microchips are essential for reuniting lost pets with their owners and ensuring accurate identification during activities like shelter admissions or visits to veterinarians. The implantation procedure is quick and usually painless, offering a reliable method of pet identification that doesn't rely on external tags, which can be lost or removed.
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What are the growth prospects and trends in the Pet Identification (ID) Microchip Implant industry?
The market for pet identification (ID) microchip implants is experiencing steady growth, fueled by increasing awareness of pet safety and the growing global pet population. These small electronic devices are implanted under a pet's skin, typically between the shoulder blades, and contain a unique identification number that can be read using compatible scanners. They provide a reliable means to connect pets with their owners' contact information stored in centralized databases, facilitating quick reunification in cases of loss or separation. Key factors driving market expansion include stringent pet registration requirements, technological advancements improving scanning accuracy, and the expanding pet healthcare industry. North America and Europe are leading in market adoption, driven by strong pet ownership trends and initiatives promoting responsible pet care and safety measures. Hence, all these factors contribute to pet identification (ID) microchip implants market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type of Microchip
- Standard Identification Microchips
- Advanced Technology Microchips (GPS-enabled, Health Monitoring)
By Pet Type
- Dogs
- Cats
- Other Small Pets (e.g., Rabbits, Ferrets)
By End-User Application
- Veterinary Clinics
- Animal Shelters and Rescue Organizations
- Pet Owners (Individual Consumers)
By Distribution Channel
- Veterinary Clinics and Hospitals
- Pet Specialty Stores
- Online Retailers
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Poland
- Benelux
- Nordic
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- Avid Identification Systems, Inc.
- Bayer AG
- Datamars SA
- Trovan, Ltd.
- Microchip Technology Inc.
- Pethealth Inc.
- Zoetis Inc.
- PetLink Enterprises, LLC
- HomeAgain (Merck & Co., Inc.)
- Virbac Corporation
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